So in essence, I'm moving the 9V->5V 'conversion heat' dissapation from the regulator, directly to the tranny controlling the LEDs?
Perhaps I'd be better just upping the spec of the regulator?
I guess what I was shooting for was the most battery friendly way of driving six LEDs from 7.5V thru 9V, and in my simplistic world I thought that avoiding regulating the 9V down to 5V (direct heat loss), and using PWM to switch the tranny on/off would be the way to go!
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